Modussur Khan, 32, from Oldham, was the sole director of Manchester Autospares Limited (MAL) throughout the life of the company. The company was incorporated in December 2011 and sold scrap parts for the motor industry from premises in Failsworth, Manchester.
The company ceased trading on 3 May 2016 and went into liquidation on 18 May 2016, owing creditors £61,374.
An Insolvency Service investigation, which followed the companys liquidation, found that MAL operated a merchant services account whereby it received card payments from customers.
But the company took unauthorised payments from customers cards between 5 April and 25 April 2016 totalling at least £72,887. These payments were not related to genuine purchases and led t…
Read the full article at: https://www.gov.uk/government/news/12-year-ban-for-manchester-spare-parts-boss-who-spent-company-funds